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NICE Ltd NICE

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1-Star Price

PREMIUM

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PREMIUM

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PREMIUM

Narrow-Moat NICE’s Cloud Transition Continues to Drive Nice Platform Adoption; Raising FVE to $252

Nupur Balain Equity Analyst

Analyst Note

| Nupur Balain |

Narrow-moat NICE reported strong first-quarter results that support our thesis that NICE is well poised for robust future growth, reflected by a rapidly expanding customer base, solid user metrics, and growth in CCaaS module adoption on NICE's platform. We are raising our fair value estimate to $252 from $242. Shares jumped 2% after open due to stronger-than-expected first-quarter performance and improved second-quarter and full-year outlooks. Shares are currently borderline undervalued, and we see a potential buying opportunity for investors.

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Company Profile

Business Description

Nice is an enterprise software company that operates in two segments: customer engagement and financial crime and compliance. The company develops on-premises and cloud software based on data analytics. In customer engagement, Nice uses its software to offer services in workforce engagement management and contact center infrastructure, serving both niches. WEM products optimize call center efficiency, using data for call volume forecasting and scheduling. CCI products are cloud-based infrastructure products for back-end call routing. In financial crime and compliance, Nice sells anti-money-laundering, risk management, and fraud prevention software products.

Contact
13 Zarchin Street, P.O. Box 690
Ra'anana, 4310602, Israel
T +972 97753151
Sector Technology
Industry Software - Application
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type —
Employees 6,383

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